Server Error

First timer here. I’ve uploaded the bbpress files to my server and was greeted with the installation process. Perfect. Then I am asked for the database name, username, and password. I followed the instructions provided by my hosting service provider to create a new database. Once I did that I was able to create a new user (and password, of course). Next, I inputed this information into the bbpress install form, but when I clicked “Take me to the next step” I received this server error:

“HTTP Error 500 (Internal Server Error): An unexpected condition was encountered while the server was attempting to fulfill the request.”

Did I input the database information in wrong? Do I need to wait for the servers to update? Any help would be appreciated.